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Monday, October 26, 2020

End of year health plan selections

We never plan on getting sick, but like the election is coming.  Sometime it feels like all the time other times is sneaks up on you.  Now is the time to make your selection or forever hold your piece.  

 

                                                       

https://external-content.duckduckgo.com/iu/?u=https%3A%2F%2Ftse1.mm.bing.net%2Fth%3Fid%3DOIP.yBatz_YEMVDPJ8ZC-zIITwHaHI%26pid%3DApi&f=1If you are one of the lucky ones where your family has a company that provides health care over the next could of week you will be making you health plan choice for the next 12 months.  


To make it simple unless you follow into one of these categories you should just pick a HDHP - High Deductible Health Plan.  The biggest reason if you can save tax free into a HSA - Health Savings Plan.  For the most part you will always come out ahead contained to the other plans.  This is important if you have the space to contribute to it. With the savings in the lower cost hopefully you can contribute some.  Remember HSA is great, but don't pass up on the free money of a 401k match.

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